Sunny day in the City as Footsie moves upward

BRITAIN’S biggest companies enjoyed their best day in the City for over a month today as the FTSE 100 Index climbed back towards the 4000 barrier.

Hefty gains by a host of heavyweights including a near 9% rise by BT helped the Footsie close 154.4 points higher at 3850.6 the biggest one-day gain since August 15.

Trading was lifted by a strong start on Wall Street, as US markets built on progress last night, while investors were also back on the look-out for bargains.